Gov’t to sell Saglemi Housing Project to private developer
Government has announced plans to sell the abandoned Saglemi Affordable Housing Project to a private developer.
Making the disclosure at a press briefing on Sunday, November 13, Minister for Works and Housing, Francis Asenso-Boakye, averred the decision by government follows a painstaking period of assessment, verification and consultations.
According to the Minister, a technical team comprising professionals and experts has been set up to oversee and spearhead all engagements required for the completion of the housing project.
“Government has decided to explore the possibility of selling the Saglemi Affordable Housing Project covering 1,506 housing units at the current value to a private sector entity to complete and sell at no further cost to the State.
“Proceeds from the sale will come to the State and reinvested into affordable housing projects,” the Minister added.
The Minister for Works and Housing however failed to disclose the amount for which the Saglemi Housing Project would be sold for.
The Saglemi Affordable Housing project – one of many – was stalled due to a decision by the Akufo-Addo administration to probe the financial arrangements around the project.
The facility, which sits on a 300-acre land with one to three-bedroom flats for low-income earners, was meant to be a 5000-residential unit facility to ease the accommodation deficit in the country.
Phase One of the $200 million project saw the construction of 180 blocks comprising over 1,500 flats.
Government is yet to continue the housing project despite numerous promises to do so.
